After the sale, any excess proceeds from the foreclosure sale may be distributed to the subordinate lien holders.Notice must be given to the IRS and U.S.

This is an email I just received from their rep:"The initial appraisal cost would be paid by ReadyCap but the expense would be taken from any from the sale/refinance and settlement to release the lien.The plan would be to determine the amount of equity based on the updated appraisal and first lien and then negotiate a settlement with you for the release of the lien.

pid=2088Houston Real Estate Highlights in May, 2024: Property sales are down but home prices continue to go up!

If not maybe they can't challenge the sale?

It says "Profit = sales price - purchase price - expenses"  Even on the levered fix-and-flip deal example it gives the full purchase price. 

Are you assuming sale of asset on the last year,cash out-refi, or continued cash-flow with some multiple?

@William Ferr  If you don't send out mail, or don't call, how do you get and close leads?   

That is a courthouse steps buy and not advisable in any way.If it is on the market, it is either a short sale or an REO.

Purchase price: $402,800 Cash invested: $148,673 Sale price: $590,000 Our 1st rehab flip!

The "hotspots for folks who want to be close to their office/Town centers.Condo fee listed is pretty average around here even for a ground level.